For tax year 2026-27, an employer gives an employee gifts, vouchers or tokens in kind during the tax year. Under the Income-tax Rules, 2026, below what aggregate value is the perquisite valued at nil?

Rule 15 of the Income-tax Rules, 2026 values gifts, vouchers or tokens from the employer at nil where their aggregate value in the tax year is below ₹15,000; otherwise the whole value is a perquisite. ₹5,000 was the limit under the Income-tax Rules, 1962.